The future of the paper money - page 229.

danherbias07

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Quote from: Supercrypt on June 15, 2016, 05:20:43 AM

Quote from: useless4 on June 14, 2016, 10:53:02 AM

paper money has no future in my opinion because most people will start using bitcoins as it is not controlled by any governments

No, people do not adopt bitcoin because of that governments do not control it but bitcoin itself has a lot of features, and fiat will not develop because none of the government is working for it but fiat will remain with people because they feel it as convenient.

Convenience. Yes that is true. Most of the people just look on what can be used easily, they dont want any hassle because work is all hassle already. So the best way to advertise bitcoin is let people see its convenience to people.

fkvidar

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Quote from: Supercrypt on June 15, 2016, 05:20:43 AM

Quote from: useless4 on June 14, 2016, 10:53:02 AM

paper money has no future in my opinion because most people will start using bitcoins as it is not controlled by any governments

No, people do not adopt bitcoin because of that governments do not control it but bitcoin itself has a lot of features, and fiat will not develop because none of the government is working for it but fiat will remain with people because they feel it as convenient.

Yeah people don't like complicated things, for many of them bitcoin is really complicated so they prefer to stay away from it and using fiat is really easy for them as they are used to it.

Supercrypt

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Quote from: useless4 on June 14, 2016, 10:53:02 AM

paper money has no future in my opinion because most people will start using bitcoins as it is not controlled by any governments

No, people do not adopt bitcoin because of that governments do not control it but bitcoin itself has a lot of features, and fiat will not develop because none of the government is working for it but fiat will remain with people because they feel it as convenient.

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Quote from: deisik on June 14, 2016, 10:46:29 AM

Quote from: eddyubachs on June 14, 2016, 09:19:58 AM

Quote from: goinmerry on June 14, 2016, 09:15:47 AM

Quote from: deisik on June 14, 2016, 07:55:54 AM

Quote from: Meettayo on June 14, 2016, 07:12:13 AM

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

You meant to say when Bitcoin collapses, right?

Yeah I think that is what he meant. Nice theory but we need facts for that. Where did you get that idea? Too much power rise of bitcoin made him a little dizzy I think.

People who cannot spend bitcoin directly will always choose to convert their bitcoin to fiat as they don't have any other option left rather then selling it.

How many people can spend bitcoins directly? Apart from online gambling (and other such sites like cloud-mining scams) and DarkNet (which I'm not familiar with), I don't know of many (actually, any) ways to spend bitcoins directly...

Could you name anything substantial?

The fact is many of us don't have direct access to spend our coins as there is no coffee shop or restaurant where we can spend our coins directly.

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paper money has no future in my opinion because most people will start using bitcoins as it is not controlled by any governments

deisik

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Quote from: eddyubachs on June 14, 2016, 09:19:58 AM

Quote from: goinmerry on June 14, 2016, 09:15:47 AM

Quote from: deisik on June 14, 2016, 07:55:54 AM

Quote from: Meettayo on June 14, 2016, 07:12:13 AM

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

You meant to say when Bitcoin collapses, right?

Yeah I think that is what he meant. Nice theory but we need facts for that. Where did you get that idea? Too much power rise of bitcoin made him a little dizzy I think.

People who cannot spend bitcoin directly will always choose to convert their bitcoin to fiat as they don't have any other option left rather then selling it.

How many people can spend bitcoins directly? Apart from online gambling (and other such sites like cloud-mining scams) and DarkNet (which I'm not familiar with), I don't know of many (actually, any) ways to spend bitcoins directly...

Could you name anything substantial?

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The future wil be verry good for the paper money for sure i dont understand why people think that the paper money will disappear later becasue that wont happen.

InsideBjorn

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The future of the paper money will always be ok why do you think the future of the paper money wont be good everybody is going to use paper moneys also in the future maybe even more.

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Quote from: goinmerry on June 14, 2016, 09:15:47 AM

Quote from: deisik on June 14, 2016, 07:55:54 AM

Quote from: Meettayo on June 14, 2016, 07:12:13 AM

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

You meant to say when Bitcoin collapses, right?

Yeah I think that is what he meant. Nice theory but we need facts for that. Where did you get that idea? Too much power rise of bitcoin made him a little dizzy I think.

People who cannot spend bitcoin directly will always choose to convert their bitcoin to fiat as they don't have any other option left rather then selling it.

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Quote from: deisik on June 14, 2016, 07:55:54 AM

Quote from: Meettayo on June 14, 2016, 07:12:13 AM

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

You meant to say when Bitcoin collapses, right?

Yeah I think that is what he meant. Nice theory but we need facts for that. Where did you get that idea? Too much power rise of bitcoin made him a little dizzy I think.

deisik

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Quote from: chaser15 on June 14, 2016, 08:21:29 AM

Quote from: deisik on June 14, 2016, 07:55:54 AM

Quote from: Meettayo on June 14, 2016, 07:12:13 AM

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

You meant to say when Bitcoin collapses, right?

I think he is talking about when people converts their bitcoin to fiat. Because of the skyrocket price that he is talking about, there will be more active users of fiat since bitcoin worth thousand when converted.

If people start converting their bitcoins to fiat, that would inevitably mean the fall of Bitcoin price (thereby raising demand for fiat). Otherwise, if the demand for fiat is balanced by the demand for Bitcoin, the status quo in the "power of the paper money" will be retained...

Only if Bitcoin price collapses (having risen that high till then), paper money will get more "power" (more bitcoins chasing less dollars)

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I think what written on your thread will never happen.Banning paper money is a crazy decision its like government beating their selfs.That would not be possible we are not that developed.

Yeah paper money will always exist as it has support and backing from the government and they will never allow any digital currency to take over the paper money as they don't hold any control over it.

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Quote from: deisik on June 14, 2016, 07:55:54 AM

Quote from: Meettayo on June 14, 2016, 07:12:13 AM

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

You meant to say when Bitcoin collapses, right?

I think he is talking about when people converts their bitcoin to fiat. Because of the skyrocket price that he is talking about, there will be more active users of fiat since bitcoin worth thousand when converted.

deisik

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Quote from: Meettayo on June 14, 2016, 07:12:13 AM

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

You meant to say when Bitcoin collapses, right?

chaser15

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Quote from: greatr on June 14, 2016, 07:31:49 AM

Quote from: Meettayo on June 14, 2016, 07:12:13 AM

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

power by paper money will be lost most probably in my opinion because all people will be concentrated on bitcoin

Then what is the essence of dreaming a skyrocket price in fiat value?

If that is about to happen, there's no sense now investing in bitcoin and trade to it exchanges since paper money will now be lost. Bitcoin will now be used more as currency.

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Quote from: Meettayo on June 14, 2016, 07:12:13 AM

The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

power by paper money will be lost most probably in my opinion because all people will be concentrated on bitcoin

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The skyrocket price of bitcoin will bring more power to the paper money.

Why? With the price rise in the future, many people will sold their coins. Fiat money will more be used because of it's high value when bitcoin converts.

deisik

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Quote from: blackmachinegun on June 14, 2016, 06:19:06 AM

Quote from: InsideBjorn on June 14, 2016, 05:21:55 AM

The future of the paper money will be great because i think that bitcoins will stop at the end of 2020 when the prise is dropping really fast and on that point people finally understand that gold is everything.

Lol I'm sure you're not a real bitcoin users. how can users expect bitcoin will die in the near future Lol?
although so I thought you would be wrong calculation. bitcoin is constantly evolving and in a long time I'm sure bitcoin could talk more

Anything can be shorted (if you know what that means)

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Quote from: InsideBjorn on June 14, 2016, 05:21:55 AM

The future of the paper money will be great because i think that bitcoins will stop at the end of 2020 when the prise is dropping really fast and on that point people finally understand that gold is everything.

Lol I'm sure you're not a real bitcoin users. how can users expect bitcoin will die in the near future Lol?
although so I thought you would be wrong calculation. bitcoin is constantly evolving and in a long time I'm sure bitcoin could talk more.

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Quote from: InsideBjorn on June 14, 2016, 05:21:55 AM

The future of the paper money will be great because i think that bitcoins will stop at the end of 2020 when the prise is dropping really fast and on that point people finally understand that gold is everything.

thats not true in my opinion, paper money has no future at all because everyone will start using bitcoins

bitcoins is the best currency that has ever been creating thus it will allow investors to make money

Topic: The future of the paper money - page 229. (Read 416566 times)